4//SEC Filing
Yee Paul 4
Accession 0001246360-19-002731
CIK 0001576942other
Filed
Dec 25, 7:00 PM ET
Accepted
Dec 26, 5:42 PM ET
Size
14.8 KB
Accession
0001246360-19-002731
Insider Transaction Report
Form 4
Stitch Fix, Inc.SFIX
Yee Paul
Chief Financial Officer
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2019-12-23−50,000→ 200,222 totalExercise: $16.98Exp: 2027-06-29→ Class B Common Stock (50,000 underlying) - Conversion
Class B Common Stock
2019-12-23−50,000→ 18,000 total→ Class A Common Stock (50,000 underlying) - Conversion
Class A Common Stock
2019-12-23+50,000→ 61,778 total - Exercise/Conversion
Class B Common Stock
2019-12-23+50,000→ 68,000 totalExercise: $16.98→ Class A Common Stock (50,000 underlying) - Sale
Class A Common Stock
2019-12-23$26.33/sh−50,000$1,316,290→ 11,778 total
Footnotes (6)
- [F1]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- [F2]Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- [F3]The stock option vests over four years, with 25% vesting on June 12, 2018 and the balance vesting in equal monthly installments over the remaining three years, subject to the individual's continued service through each vesting date
- [F4]Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Class B Common Stock will convert automatically into Class A Common Stock on the earlier of (i) the date on which the number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock; (ii) ten years following the effective date of the Issuer's initial public offering; or (iii) the date specified by vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.
- [F5]In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock (i) upon any transfer, whether or not for value (subject to certain exceptions), or (ii) in the event of the death or disability (as defined in the amended and restated certificate of incorporation of the Issuer) of the reporting person, shares of Class B Common Stock held by the reporting person or the reporting person's permitted estate planning entities will convert into Class A Common Stock.
- [F6]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $26.14 to $26.47 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Documents
Issuer
Stitch Fix, Inc.
CIK 0001576942
Entity typeother
Related Parties
1- filerCIK 0001722941
Filing Metadata
- Form type
- 4
- Filed
- Dec 25, 7:00 PM ET
- Accepted
- Dec 26, 5:42 PM ET
- Size
- 14.8 KB